USDT, the stablecoin issued by Tether, has unexpectedly shifted the crypto valuation landscape. According to CoinGecko, Tether’s fully diluted valuation (FDV) for USDT rose to $191.5 billion, placing it ahead of Ethereum for the first time. Ethereum’s recent 5.5% price decrease contributed to this significant shift, dipping its FDV to $187.5 billion.